Meaning of “cost-of-living allowance” in the English Dictionary

business-english dictionary

(Definition of “cost-of-living allowance” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cost of living allowance" in Business English

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cost of living allowancenoun [ C ]

uk us abbreviation COLA

ECONOMICS, HR extra money that some people receive from their employer, for example, because they work in an area that is very expensive, or because prices have increased:

(Definition of “cost of living allowance” from the Cambridge Business English Dictionary © Cambridge University Press)